This is in line with the recent announcement of the merger between COMMEX Malaysia [formerly known as the Kuala Lumpur Commodity Exchange (KLCE)] and its subsidiary, Malaysia Monetary Exchange (MME) Bhd which will take place on 7 December 1998. The new module will replace the MFORR Module 4B (Business Rules of MME) and Module 4C (Business Rules of KLCE). The first examination for COMMEX Malaysia will be held on 20 December 1998.

Futures broker representatives (FBRs) who have passed the Futures Industry Course or Modules 4B and/or 4C AND are licensed to trade on MME and KLCE are exempted from taking Module 4D. However, it is compulsory for them to attend a Familiarisation Programme conducted by COMMEX Malaysia on the new Business Rules. FBRs are given three months from the date of the merger to attend the Familiarisation Programme. Executive Directors and Compliance Officers are also required to attend this programme within the stipulated period. Failure of FBRs to comply with the above may result in the revocation of the respective FBR licences.

Candidates who have passed the entire MFORR Examination, including Modules 4B and/or 4C but have yet to be licensed as an FBR, as well as candidates that have not completed the entire MFORR Examination but have passed Modules 4B and/or 4C, will also be exempted from taking Module 4D provided they attend the said programme. Candidates, who fail to do so, will have to take the Module 4D examination in order to be eligible to apply for a licence to trade on COMMEX Malaysia.

For more information on the Familiarisation Programme, please contact the Education and Research Department of COMMEX Malaysia at tel. no. 603-293 6822. All enquiries on the new Module 4D and the MFORR Course and Examination should be directed to the Examination Centre of SIDC at tel no. 603-469 2285.